No, you shouldn't. With this new information, the sales of tickets were personal items. Personal items sold at a gain belong on Schedule D/8949.
- First, enter the 1099-K information as personal item sales, you will be asked if you "sold some items at a loss or had no gain" or if "all items were sold at a loss or had no gain." Choose "I sold some items at a loss or had no gain." Then, enter how much of the $10,000 was proceeds were for items that did NOT have a gain, which is $0.
- Now, navigate to Federal > Wages & Income > Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) > Add/Edit
- Select PayPal
- Under proceeds, you will enter the proceeds of the items with a profit, approximately $10,000
- You will enter the total amount paid, which is your cost of the tickets
- Continue on and you will be asked if you paid "sales expenses that aren't included in the sale proceeds reported on the form", here you will report PayPal fees, StubHub fees, etc.
